Reading Time: 2 minutes
Agder Energi and Green Investment Group (GIG) have joined forces to develop a floating offshore wind project in Norway’s Utsira Nord zone (1.5 GW).
Agder Energi, a leading Norwegian power utility, and Macquarie’s Green Investment Group (GIG), one of the world’s leading green investors and developers, have formed a partnership to bid for a floating offshore wind project at Utsira Nord, in the Norwegian North Sea.
Utsira Nord (1.5 GW) is one of two areas the Norwegian Government opened to licensing applications for offshore wind development. With deep waters, proximity to industrial energy users, and strong wind conditions the Utsira Nord area is suitable for floating offshore wind development.
Through the partnership, GIG and Agder Energi aim to help the Norwegian government achieve their 2050 net zero target, foster growth in the Norwegian offshore wind supply chain, drive innovation in Norwegian energy markets, and support high-skilled local job opportunities.
Steffen Syvertsen, CEO of Agder Energi said, “In addition to providing an important contribution to Norway’s renewable energy capacity, offshore wind represents a significant opportunity for Norway in terms of creating jobs and increased supplier activity. Norway has strong offshore industrial expertise, which can be applied in the emerging floating wind industry. With the extensive experience Green Investment Group brings in offshore wind development worldwide, and floating wind in particular, we can help Norway create a world class offshore wind industry.”
With over 15 GW of offshore wind capacity under development, and over 10 years experience, GIG is one of the sector’s leading developers. GIG is also a first-tier global floating offshore wind developer with a potential cumulative capacity of 4.5 GW, including partnerships to co-develop floating offshore wind in South Korea (2.3 GW), Japan (1.9 GW) and France (270 MW).
GIG also has rights to develop a 1.5 GW project in UK through the 4th licensing round and recently secured rights to develop a 2 GW project in Scotland through the ScotWind leasing round.
